Obsolete in 11 Years?
May 16, 2013
I saw a news item yesterday that reported the European Commission was examining the possibility of abolishing the 1 euro cent and 2 euro cent coins.
It is a perfect echo of the American dilemma over what to do with the two lowest denominations in our circulating coinage.
Half of the coin supply in the euro zone is comprised of these two little coins. I have had the opportunity to spend them and receive them in change while I have been in Berlin the last six years.
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